Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1257.40)
Gold is trading below the zero mark during the Asian session.
- Resistance 1: From $ 1268.70 (December 6 maximum)
- Resistance 2: From $ 1277.00 (December 5 maximum)
- Support 1: From $ 1251.30 (August 8 minimum)
- Support 2: From $ 1240.00 (technical level)
Computer analysis: The Stochastic Oscillator movings on the D1 chart indicate the oversold of the instrument, which is why an upward correction of the price of gold is possible.
Silver chart (current price: $ 15.85)
Silver is trading with a minus during the Asian session.
- Resistance 1: From $ 16.19 (Dec. 4 minimum)
- Resistance 2: From $ 16.32 (December 5 maximum)
- Support 1: From $ 15.60 (technical level)
- Support 2: From $ 15.42 (July 11 minimum)
Computer analysis: The Stochastic Oscillator movings on the D1 chart indicate the oversold of the instrument, which is why an upward correction of the price of silver is possible.